Labor’s failed IT system ends up in sale of VicRoads

The Andrews Labor Government has today thrown in the towel with its outdated IT system for VicRoads and will instead sell off part of the business that runs licencing and number plates. The privatisation of VicRoads’ licencing and number plate division will mean the data of all Victorian motorists will end up in the hands […]

Payroll jobs down as lockdown hits small business

The latest payroll jobs figures released today by the Australian Bureau of Statistics show the effect Daniel Andrews’ Victoria-wide five-day lockdown had on employment, impacting mum and dad small businesses the hardest. For the two week period between 30 January to 13 February, payroll jobs in Victoria fell 0.4 per cent. Victoria was one of […]

Moody’s joins Standard & Poors in downgrading Victoria’s credit rating

Credit rating agency Moody’s has joined Standard & Poors in downgrading Victoria’s credit rating. Less than three months after Standard & Poors downgraded its credit rating for Victoria two levels from AAA to AA, Moody’s has downgraded its credit rating for Victoria from AAA to AA1 and changed the outlook to ‘negative’. In a statement, […]

Labor wastes more than $25 billion on cost blowouts

The Andrews Labor Government has proven again that it can’t manage taxpayers’ money. With only three months until the Victorian State Budget, Victorians and the Treasury Department are no closer to understanding the growing cost blowouts on Victoria’s major projects under Labor. During questioning by the Liberal Nationals, today at Public Accounts and Estimates hearings […]

December figures show Victorian retail in crisis

The December retail trade figures released today by the Australian Bureau of Statistics (ABS) show that the Victorian retail sector is in a deep crisis. According to the figures, compared to the previous month, in December retail trade shrunk in Victoria in seasonally adjusted terms by 6.8 per cent, the largest fall in Australia. Victoria’s […]

Victorian business conditions worst in Australia

Data released today by the National Australia Bank (NAB) show business conditions in Victoria are the worst in Australia. According to NAB’s Quarterly Business Survey, Victoria’s business conditions remained negative for the December 2020 quarter, while they improved in every other mainland Australian state. While overall business conditions in Australia improved by nine points, in […]

Victorian small businesses continue to lose jobs

New data released today confirms that jobs in Victorian small businesses continue to go backwards following the Andrews Labor Government’s mismanaged COVID-19 response. The Australian Bureau of Statistics weekly payroll jobs data for the period January 2-16 showed that payroll jobs in Victorian businesses with fewer than 20 employees fell by 1.4 per cent, compared […]

Victorian business confidence down again

Data released today by NAB has confirmed that business confidence has continued to deteriorate under Daniel Andrews and Labor. The NAB Monthly Business Survey for December 2020 showed that Victoria had the largest fall in business confidence of any Australian state, down 15 points. Falling business confidence means fewer businesses expanding and less new jobs […]

Pallas quiet with more bad economic news for Victoria

New economic data released today shows Victoria’s economy continues to lag behind most of the rest of Australia. Data from CommSec’s State of the States report shows that in the September 2020 quarter Victoria was dead last for retail spending and wages growth. Victoria was also the only state where home prices declined during 2020. […]

Youth still let down by Labor

Victoria’s youth unemployment rate remains high at 14.8 per cent, according to today’s labour force figures released by the Australian Bureau of Statistics (ABS). Our state is struggling to keep up with the rest of the country, with a youth participation rate of just 66.7 per cent.  In comparison, the national youth participation rate is […]

Victoria: the only state experiencing a fall in job vacancies

Victoria is the only state in Australia to suffer a fall in job vacancies in the last 12 months according to figures released today by the Australian Bureau of Statistics. Job vacancies are an important leading indicator of future jobs growth. According to the figures released today for the November 2020 quarter, Victoria has 1,700 […]

Jobs crisis continues to hit women and young people

Today’s labour force figures released by the Australian Bureau of Statistics (ABS) show there are few signs of recovery as women and young people seeking work continue to struggle to find a job. Victoria’s overall unemployment rate remained above the national average, with Victoria’s unemployment rate at 7.1 per cent compared to the national figure […]

No Christmas joy for Victorian job seekers

The latest payroll jobs data released by the Australian Bureau of Statistics (ABS) shows no sign of a recovery in jobs in Victoria leading up to Christmas. The figures for the week ending 28 November show Victoria still suffering the largest decline in payroll jobs of any state or territory since the start of the […]

Data shows CBD hospitality in crisis

This month’s NAB Economics Data Insights report, released today, shows the depth of the economic crisis facing Melbourne’s once-thriving central business district (CBD). The data shows that the share of Melbourne’s spending on cafés, restaurants and takeaway spent in the CBD has almost halved in the last twelve months. Melbourne’s CBD café, restaurant and takeaway […]

Double downgrade a disaster for Victoria

The news that Standard and Poor’s has downgraded Victoria’s long-held AAA credit rating is more evidence that Labor only has a plan for debt and waste. However, it is even more sobering that Standard and Poor’s has downgraded Victoria’s credit rating down two levels, from AAA to AA, skipping over AA+. Victoria has maintained a […]

Job ad numbers in Victoria still the worst

Today’s job advertisement numbers have confirmed that under the Andrews Labor Government, there is less growth in new job advertisements in Victoria than any other state compared to this time last year. The numbers, released on the Commonwealth Government’s Labour Market Information Portal, show that job advertisements have risen by just 4.5 per cent in Victoria in […]